Pittsburgh-based Mellon Financial Corporation has appointed Eileen Foley and Ridgway Powell as managing directors of its Private Wealth Mana...

Pittsburgh-based Mellon Financial Corporation has appointed Eileen Foley and Ridgway Powell as managing directors of its Private Wealth Management group's Family Office and Charitable Gift Services units. Both will be based in Mellon’s Private Wealth Management's Boston headquarters. They will report to Don Heberle, executive director of the group’s Family Office and Charitable Gifts Services. Ms Foley will have national responsibility for all new business activity in the units and will lead efforts to expand the sales force. She joins from Lee Munder Capital Group, where she was a partner and marketing director. Mr Powell has been a team leader in Mellon Private Wealth's Boston region since 2000, and has responsibility for around $1.7 billion in client assets. In his new role, he will lead efforts to set investment strategy across existing and prospective family office and charitable gifts services clients and will join Private Wealth's Investment Strategy Committee. Mellon has approximately $4.9 trillion in assets under management, administration or custody, including $808 billion under management.